Property type: Ski Leaseback - Alps
Price: Euro 101 279

Rate of return:
4% Net Guaranteed


Introduction
Les Balcons de Recoin is located at the heart of the resort, making it very convenient to access all the facilities It is a very popular resort with locals and was even used as an Olympic site in 1968. This development represents an opportunity to invest in a fast growing ski resort with a strong yield of 4% and a guaranteed rental income of 11.5 years. Situated to the south of the Belledone massif, this winter sports resort dominates the Grenoble valley and offers beautiful pine forests as well as breathtaking views of the LOisan, le Vercours and la Chartreuse massifs.


Description of the area

Chamrousse is at the heart of the Isere region, in the French Alps, with a skiing resort between 1650 and 2250 metres of altitude; 77 km of run reserved for alpine skiing as well as 40km of ski tracks for cross country skiing in the Arselle forest. It is a relatively small ski resort located at the south of the Belledonne massif, which is 30 minutes from Grenoble and offers spectacular views of the city. The resort is divided into two base ski areas, linked by a regular bus service at Chamrousse: Recoin (1,650m), for athletic skiing, and Roche Béranger (1,750m), for family skiing. Chamrousse provides perfect runs for beginners and intermediates, and offers extremely competitive rates.


Property Type VAT Excluded
1 bedroom 27.34 - 36.62 101,279 - 141,106
2 bedrooms 33.10 - 49.21 129,613 - 182,819

Key Advantages in this Investment

• Residence in the centre of the ski station, next to ski lifts
• Access to a major SPA center every built for a skiing resort - over 800 m²
o Indoor swimming pool, jacuzzi, sauna, hammam
• All units have a balcony and a personal ski compartment
• Nursery slopes nearby for beginners' ski school and children
• Managed by Cela - has been in the market for over 20 years and are expending every year
• Prestigious Ski Resort (hosted Olypimc Game)


Yield
Les Balcons de Recoin is a leaseback investment, with a strong guaranteed yield of 4% p.a. with 2 weeks personal usage .Chamrousse is currently attracting major new infrastructure investment and with these low entry level prices, it is a great place to invest.


Access
By flight :
Grenoble National Airport (60km)
Lyon-St Exupéry International airport (90km)